BNP Paribas Corporate and Institutional Banking today announced that it has hired Wike Groenenberg (pictured) as global head of emerging markets strategy.
Groenenberg will be responsible for strengthening the bank’s emerging markets franchise, combining global intelligence with local expertise in the bank’s research and strategy publications.
Groenenberg, who is based in London, will also drive dialogue with key decision makers including real money investors, absolute-return funds, central banks and policy makers. Additionally, she will lead the global house view on emerging markets internally and externally, co-ordinating the bank’s emerging markets strategy and trade ideas in all relevant regions.
Groenenberg was latterly at BlueBay Asset Management where she was head of strategy for its Emerging Markets Macro Fund which invested in fixed income, FX, equities and credit. Prior to BlueBay, Groenenberg headed emerging markets strategy at Citigroup in London, managing a team of strategists in Europe, South Africa and Asia. At Citi, she devised investment themes and generated specific directional and relative value trade ideas in fixed income, FX and credit derivatives swaps, and managed a model global emerging markets local currency bond portfolio.
Groenenberg reports to Robert McAdie, global head of research and strategy, and Hubert de Lambilly, global head of FX and local markets trading.
McAdie says: “While emerging markets face significant uncertainties at this moment with slowing exports and falling foreign capital, our strategic coverage of this asset class remains vital to our corporate and institutional clients – so we are pleased to have Wike onboard. Her appointment will help raise the profile of our emerging markets platform and product by generating practical, implementable trade ideas for clients.”
BNP Paribas Global Markets Research and Strategy team produces comprehensive, non-independent strategy, market views, trade ideas and analysis across regions, sectors and asset classes. It covers credit, FX and local markets, G10 rates, commodities, emerging markets, equity derivatives and cross-asset strategy.